Bitcoin update in the short term

in bitcoin •  6 years ago 

This may be it for the short time high. The hour trend points lower. 6805 area may turn it..

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  ·  6 years ago (edited)

The hour trend points lower. 6805 area may turn it..

Didn't get this one. Like at all.

Does it mean that if the price gets over to 6805 area then it invalidates this short time high?

that 6805 pattern is valid before its expiration at a LL. Between that posting and the later one. A smaller bear pattern has developed. The bear pattern points to a new low. So i had to revise my target and give both sides. The main pattern is lower. So it trumps the 6805 one in odds. But i cant say 6805 is invalid until it makes the lower low. If this makes sense. Sometimes there is no clear answer.